Top 6 Benefits of Hiring an Airbnb or VRBO Rental Management Company

Running a vacation rental is no easy mission. On the edge as to whether a management team is worth it? Here are the top 6 reasons you should have a trusted rental management company on your side.

Having a stellar management team allows for owners and investors alike to sleep sound without having to handle the day to day (and often night!) operations and emergency situations. Take a look at some of the pros that come with a having a property management company to rely on:

#1: Smooth and simple accounting

Property managers should handle all the grunt work when it comes to recording expenses, keeping track of taxes in local jurisdictions, and organizing invoices. Owners receive a weekly statement to keep up to date on their income, expenses, invoices and tax obligations all in one location. Gone are the days of messy accounting - leave that up to an experienced property manager!

#2: Maintenance and contracting at a cheaper rate

A seasoned management company knows where to look for the best rates and are often well connected to find the most reliable services to maintain a home, such as upkeep of the pool, landscaping, and especially the unexpected (leaks, holes, oh my!). Property managers are always inspecting the home to catch issues before they turn into catastrophes.

#3: Own a hassle-free rental property

Owners who have an experienced and trusted property manager can have their cake and eat it too. Owners can spend up to 11 hours per week dealing with communication and guest issues, handling last minute emergencies, and cleaning the property. With a property manager, owners can instead receive the income while enjoying the perks of a hassle-free rental - travel freely, explore different hobbies, and spend more time with family knowing that the property is being properly handled.

#4: Increase property value

Consistent maintenance, inspections, and scheduled deep cleanings along with keeping an eye out to initiate property upgrades and necessary repairs are just some of the few things that a property manager will do to keep the property in top shape. Open communication with owners will allow for the opportunity to increase property value along the way.

#5: Get better guests and better income!

Property managers are aware of the scam artists, the party-throwers, and all the additional wildcards! Keep your property safe from unwanted parties, underage primary guests, and unnecessary damages by having a team that vets each and every guest prior to their arrival, avoiding red flags. Vetted and recommended guests on major hosting platforms like VRBO usually pay more, stay longer, and treat the home better.

#6: Increase rental occupancy

A confident property management team understands how to maneuver rental seasonality including short term rental vacancies by utilizing tools that increase visibility, price competitively, and optimized occupancy for the particular property at hand. Occupancy can increase by 30-45% on Airbnb with a knowledgeable property manager.

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